Will the hike in customs duty on gold, silver reduce India’s import bill?

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Rising global prices of the precious metals, preferential access through India-UAE CEPA could keep value, volumes high.   With mounting pressure on the current account deficit, the Centre has more than doubled the customs duty on gold and silver to 15% from 6%. It has similarly hiked the import duty on platinum to 15.4% from…

US-Iran war: How to rebalance your portfolio beyond the traditional 60/40? Goldman Sachs answers

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Goldman Sachs reports that despite the Iran war impacting markets, diversified portfolios have shown limited damage, with a modest 5% decline. The firm suggests rethinking portfolio strategies to balance growth, inflation protection, and risk mitigation in the current environment. The Iran war has rattled global markets, lifted oil prices and reignited inflation concerns, but the…